Special Report

Breaking Tradition: How New Law is Challenging Big Law

As clients adapt the way they source and purchase legal services, competition and collaboration among new and traditional providers is increasing. In the decade since the Great Recession, when alternative options really came onto the scene with the promise of offering a better way, the numbers and types of providers have exploded. Over the next year, we aim to bring clarity around who those alternative providers are, what they are offering, who they are representing, where they get their talent and what piece of the market they have and could attain. You\'ll meet the players, hear from clients, see examples of collaboration, learn the offerings and gain clarity into this rapidly growing segment of the legal services market.

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Law.com’s Breaking Tradition series launched in August 2020, and we wanted to start it then because we felt the practice of law was at an inflection point: where traditional law firms still held the upper hand, but the influence of alternative legal service providers (ALSPs) and non-traditional law firms could no longer be ignored as a driving force in the industry. Given the changing rules surrounding ownership of law firms, increased legal hiring from the Big 4, and more, that inflection point has only become more stark.

Many attorneys, technologists and legal experts think change in the legal ecosystem will only continue to accelerate in 2021. But it’s not just ALSPs on their mind—it’s how law firms and corporate legal departments fundamentally interact with their data, their people, and even each other. Here’s what they believe will be new for the business of law in the coming year.

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Zach Warren

Zach Warren is the editor-in-chief of Legaltech News. Based out of Minneapolis, Minnesota, Zach has been with LTN since 2015. He can be reached at [email protected]

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